Home / Knowledge / News / Textiles / 'India has potential to meet Vietnam's cotton demand'
'India has potential to meet Vietnam's cotton demand'
19
Oct '15
At the recently held Vietnam-India textile cooperation conference in Hanoi, vice chairman of the Vietnam Chamber of Commerce and Industry, Doan Duy Khuong said that India had sufficient supply of cotton to meet the rising demand of the domestic garment and textile sector.

Vietnam's domestic production of the crop met only one per cent of local demand and over 500,000 tonnes of cotton is required to satisfy the needs of garment and textile manufacturers in the country, Duy Khuong said, according to Vietnamese media reports.

India produces enough cotton to export to Vietnam, he further added.

The Indian government provided a $300 million line of credit to Vietnam to boost textile trade and investments between both countries during Prime Minister Nguyen Tan Dung's visit in October last year.

Vishvajit Sahay, joint secretary of the Department of Heavy Industry, under Indian Ministry of Heavy Industries and Public Enterprises said that through the conference, the Indian side had productive discussion about the operation of the line of credit with Vietnamese agencies and enterprises in the future.

Vietnam's apparel industry is growing rapidly. With an export grow rate of 20 per cent each year, Vietnam is expected to generate a turnover of $40 billion in 2020. The recently signed Trans-Pacific Partnership will attract investment worth millions in the textile industry of Vietnam thereby increasing the demand for cotton.

In 2014, the bilateral trade between the two countries was $5.59 billion, showing a significant increase of 9.84 per cent compared to 2013. This year from January to July the total trade between India and Vietnam reached over $3 billion. (HO)

Fibre2Fashion News Desk – India


Must ReadView All

New Investment for traditional Myanmar textiles, weavers

Textiles | On 21st Oct 2018

New Investment for traditional Myanmar textiles, weavers

Myanmar Artisans Co Ltd, Turquoise Mountain and the DaNa Facility,...

Pak knitwear exporters plan environmental compliance

Textiles | On 21st Oct 2018

Pak knitwear exporters plan environmental compliance

Pakistani manufacturers and exporters of knitwear garments have...

Courtesy: Hyosung

Textiles | On 21st Oct 2018

Hyosung converting spandex plants into smart factories

Hyosung TNC, the textile and trading unit arm of Hyosung, is...

Interviews View All

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search